08:56:18 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Inc
Symbol QSR
Shares Issued 312,013,038
Close 2023-07-20 C$ 102.05
Market Cap C$ 31,840,930,528
Recent Sedar Documents

Globe says Restaurant Brands kept at "equal weight"

2023-07-20 07:18 ET - In the News

The Globe and Mail reports in its Thursday, July 20, edition that Wells Fargo analyst Zachary Fadem has reaffirmed his "equal weight" recommendation for Restaurant Brands International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Fadem raised his share target by $1 (U.S.) to $76 (U.S.). Analysts on average target the shares at $75.78 (U.S.). Mr. Fadem says in a note: "Restaurant EPS is around the corner, and we see Q2 a story of choppier traffic, lapping price and moderating wage/commodity pressures. We see CMG, MCD and YUM best positioned, and looking for reasons to warm up on SBUX post recent underperformance." The Globe reported on Jan. 28 and April 4 that RBC had reaffirmed Restaurant Brands as one of its "top picks." It was then worth $66.99 (U.S.) and $66.20 (U.S.). The Globe reported on Feb. 16 that Citi had an unchanged "neutral" call on Restaurant Brands when it could be had for $66.50 (U.S.). The Globe reported on April 29 that BMO Capital Markets analyst Peter Sklar had reaffirmed his "outperform" recommendation for Restaurant Brands when it could be had for $70.13 (U.S.).

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